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Valeura Energy Inc T.VLE

Alternate Symbol(s):  VLERF

Valeura Energy Inc. is an upstream oil and gas company engaged in the production, development, and exploration of petroleum and natural gas in the Gulf of Thailand and the Thrace Basin of Turkiye. The Company holds an operating working interest in four shallow water offshore licenses in the Gulf of Thailand, which include G10/48 (Wassana field), B5/27 (Jasmine and Ban Yen fields), G1/48 (Manora field) and G11/48 (Nong Yao field). It holds a 100% operating interest in license B5/27 containing the producing Jasmine and Ban Yen oil fields. It holds an operated 70% working interest in license G1/48 containing the Manora oil field, which produces approximately 2,935 barrels per day (bbls/d) of medium-weight sweet crude oil. The Company holds interests ranging from 63% through 100% in various leases and licenses in the Thrace basin. The Company also operates Floating Storage and Offloading (FSO) vessel Aurora, location at Nong Yao field, offshore Gulf of Thailand.


TSX:VLE - Post by User

Bullboard Posts
Comment by bigreturn11on Nov 18, 2019 2:26pm
99 Views
Post# 30365874

RE:RE:The line in the sand for test well flow rates: 300 mcf/d?

RE:RE:The line in the sand for test well flow rates: 300 mcf/d?
sneakyvalue wrote: ... and Swami went on record last week to predict 500-600 mcf/d.  So, 200-300 in a test well might model as commercial and Swami thinks it will be double that.  What happens to share price if this zone outperforms expectations?  What if it significantly outperforms?  Let it flow, let it flow, let it flow.


I concur with Swami that a 600 mcf end flow rate sounds reasonable and from my perspective that would be positive. I would love to see 750 mcf and this should be a number that would capture many peoples attention. Recall that this is truly the second hole in a basin that covers 1,600 square kms in area.  If we see anthing near 1 mmcf at Dev-1 zone 1, we will surely be able to find 2 and hoipefully 3 mmcf elsewhere in the basin at this interval. stack those multiple zones and there we have the tiger by the tail.   

Bullboard Posts